Nifty opened on a flat note but selling led the index downwards to end in red - Jainam
Nifty
Nifty opened on a flat note but selling led the index downwards to end in red. Nifty closed at 24472 with a loss of 112 points. On the daily chart index has formed a small bearish candle forming lower High-Low compare to previous session and has closed below previous session's low indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 24580 level it would witness buying which would lead the index towards 24700-24800 levels. Important Supports for the day is around 24400 However if index sustains below 24400 then it may witness profit booking which would take the index towards 24300-24200 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
